ROBOFOREX RATING ☆ OVERALL SCORE {80.74%} (?)
RoboForex is an ECN/STP broker offering MT4 and MT5 platforms, 36 Forex pairs, CFDs, Futures, auto-trading, and a free VPS.
■ Deposit Requirements: 10 USD
■ Funding: Cards | Bank Wire | Skrill | PerfectMoney | Neteller | SticPay
■ Platforms: MetaTrader-4 | MetaTrader-5 | WebTrader | Mobile Traders
■ Customer Support: English | Arabic | Spanish | Portuguese | Russian | Czech | Kazakh | Malay
📊 ROBOFOREX RATING SUMMARY
The following table contains RoboForex rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
52.60% |
|
89.30% |
|
89.30% |
|
100.00% |
|
80.74% |
| TRADING EXPERIENCE | |
|
78.80% |
|
74.10% |
|
70.00% |
| TRADING STYLE | |
|
79.00% |
|
74.20% |
|
36.50% |
📝 ROBOFOREX DETAILED RATING REVIEW
The following RoboForex rating analysis is based on Rating Formula 5.0 (?):
| ROBOFOREX RATING ANALYSIS | ||||
| ROBOFOREX TOTAL RATING | 100.0% | RoboForex | ||
| 80.74% | FULL ANALYSIS | |||
| A. ROBOFOREX SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 14.74% | Rating the RoboForex Safety |
| A.1 RoboForex License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | 10.0% | 1.00% | RoboForex is regulated by the FSC of Belize (license No. 000138/7) = 1.0% rating |
| A.2 RoboForex Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 4.00% | RoboForex offers client compensation of up to 20,000 EUR as it is a member of the Financial Commission Compensation Fund | 4.0% rating |
| A.3 RoboForex Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 1.00% | RoboForex maintains headquarters in Belize = 1.0% |
| A.4 RoboForex Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 5.00% | RoboForex was found in 2009 (10+ years) = 5.0% rating |
| A.5 RoboForex Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | RoboForex provides client bank segregated accounts = 2.5% |
| A.6 RoboForex Web Ratings | ForexPeaceArmy Rating = {Actual Rating/10} | (max) Rating = 0.5% | 0.5% | 0.24% | RoboForex ForexPeaceArmy Rating is 2.357/5.0 | Total rating is 0.2357 |
| A.7 (+) RoboForex ADJUSTING RESULTS | ||||
| A.7.1 RoboForex Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 1.00% | RoboForex claim to have served 4.5 million accounts = 1.0% Rating |
| B. ROBOFOREX TRANSACTION COST | MAX WEIGHT→ | 28.0% | 25.00% | Rating the RoboForex Transaction Cost |
| B.1 RoboForex spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 7.00% | On Prime Accounts, the typical RoboForex EURUSD spread is 0.1 pip = 7.0% rating |
| B.2 RoboForex spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 4.50% | On Prime Accounts, the typical RoboForex GBPUSD spread is 0.15 pip = 4.5% rating |
| B.3 RoboForex spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 4.50% | On Prime Accounts, the typical RoboForex USDJPY spread is 0.15 pip = 4.5% rating |
| B.4 RoboForex Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 4.00% | On Prime Accounts, RoboForex charges $2.0 trading commissions per full traded lot ($1.0 per each side) = 4.0% |
| B.5 RoboForex Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.75% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 0.00% | RoboForex rollover on a Long EURUSD trade is -0.96 pip | RoboForex rollover on a Short EURUSD trade +0.1 pip | Total cost in absolute value is -0.86 pip | Rating = 0.00% |
| B.6 RoboForex Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 2.00% | RoboForex does not charge withdrawal commissions = 2.0% rating |
| B.7 RoboForex Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 1.00% | RoboForex does not charge Inactive Fees = 1.0% rating |
| B.8 (+) RoboForex ADJUSTING RESULTS | ||||
| B.8.1 RoboForex Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 2.00% | ECN Order Execution Model = +2% rating |
| C. ROBOFOREX TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 25.00% | Rating the RoboForex Options for Traders |
| C.1 RoboForex Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 6.00% | RoboForex Provides 36 Forex Pairs = 6.0% rating |
| C.2 RoboForex CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 2.50% | RoboForex offers CFD trading = 2.5% rating |
| C.3 RoboForex CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 1.50% | RoboForex Offers CFDs on Futures = 1.5% rating |
| C.4 RoboForex Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | RoboForex Provides a free Demo/Practice account = 2.0% rating |
| C.5 RoboForex Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | 500:1 max Trading Leverage = 1.0% rating |
| C.6 RoboForex Bonus/Rebate Promotions | 5.0% | 2.00% | ||
| C.6.1 RoboForex Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 1.00% | $30 No Deposit Bonus (Withdrawable) = 1.0% rating | |
| C.6.2 RoboForex Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 1.00% | RoboForex Offers 10% trade rebates = 1.0% rating | |
| C.7 RoboForex Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The min. deposit amount is $10 = 2.0% rating |
| C.8 RoboForex Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | RoboForex offers 5+ deposit methods (Bank Wire, Visa, Skrill, Neteller, PerfectMoney, and SticPay) = 2.5% rating |
| C.9 RoboForex Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.50% | RoboForex offers 5+ withdrawal methods (Bank Wire, Visa, Skrill, Neteller, PerfectMoney, and SticPay) = 2.5% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 1.00% | RoboForex offers less that 2 pips minimum stop-out order distance = 1.0% rating |
| C.11 (+) RoboForex ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 36 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.11.3 RoboForex Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.00% | RoboForex offers no Real/Demo Account Competition = +0.0% rating |
| D. ROBOFOREX TECHNOLOGY | MAX WEIGHT→ | 16.0% | 16.00% | Rating the RoboForex Technological Efficiency |
| D.1 RoboForex Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 3.00% | RoboForex offers MT4, MT5, Webtrader, and the RStocksTrader = 3.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | RoboForex is offering 'Trading-On-Charts' = 1.0% rating |
| D.3 RoboForex Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.50% | RoboForex Slippage on execution is less than 1.5 pip = 0.5% rating |
| D.4 RoboForex Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | RoboForex allows automated trading = 2.0% rating |
| D.5 RoboForex MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | RoboForex offers the MT4/MT5 platforms = 2.0% rating |
| D.6 RoboForex Mobile Apps | iOs= 1% rating | Android = 1% rating | max = 2% rating points | 2.0% | 2.00% | RoboForex offers an MT4 App for iPhone and Android = 2.0% rating |
| D.7 RoboForex Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | RoboForex fully allows both scalping and hedging trade strategies = 1.0% rating |
| D.8 RoboForex Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 4.00% | RoboForex offers 24/7 Customer support = 1.0%, via eMail, Phone, Live Chat = 3.0% | Total rating is 4.0% |
| D.9 (+) RoboForex ADJUSTING RESULTS | ||||
| D.9.1 RoboForex PAMM / MAM Accounts | PAMM / MAM Accounts = +0.5% rating | No = 0 % rating | 0.5% | 0.00% | RoboForex is not offering PAMM/MAM accounts, only Copy-Trading is available = +0.0% |
| D.9.2 RoboForex Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.50% | RoboForex is offering a free VPS hosting service = +0.5% |
| D.9.3 RoboForex API Trading | API trading = +0.5 % rating | No API = 0.0 % rating | 0.5% | 0.00% | RoboForex is not offering API trading = +0.0% |
| TOTAL ROBOFOREX RATING | 80.74% | |||
🏛️ ROBOFOREX LICENSES AND LEGAL INFORMATION
■ RoboForex is the trading name of RoboForex Ltd. (reg. number 000001272)
■ RoboForex is regulated by the FSC of Belize (license No. 000138/7)
■ In case of corporate insolvency, RoboForex offers client compensation of up to 20,000 EUR as it is a member of the Financial Commission Compensation Fund
PROHIBITED COUNTRIES
■ United States, Australia, Brazil, Canada, Russia, Indonesia, Iran, Japan, Turkey
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